Civic Intelligence

Independence Water Association Inc

990 • Fiscal year 2017 • EIN 64-0468397

Oct 01, 2016 to Sep 30, 2017 • Filed on Dec 20, 2017

Organization Profile
1247 Benson RoadCourtland, MS 38620

(662) 934-8413

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.24x

Higher debt load relative to assets than 65% of similar nonprofits.

2017 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.70x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2017

Net Margin

50th percentile

5.4%

Higher net margin than 50% of similar nonprofits.

2017 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2017

Asset Growth

34th percentile

-1.9%

Faster asset growth than 34% of similar nonprofits.

2017 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

15%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$664,127

Down $13,085 (-1.9%) from 2016

Net Assets

Up

$503,351

Up $11,879 (+2.4%) from 2016

Liabilities

Down

$160,776

Down $24,964 (-13%) from 2016

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin50th percentile

Revenue

Up

$230,005

Up $30,005 (+15%) from 2016

Expenses

Up

$217,677

Up $25,446 (+13%) from 2016

Net Income

Up

$12,328

Up $4,559 (+59%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $471,929Liabilities 2011: $36,083Net Assets 2011: $435,8462011Assets 2012: $672,261Liabilities 2012: $220,333Net Assets 2012: $451,9282012Assets 2013: $714,736Liabilities 2013: $246,575Net Assets 2013: $468,1612013Assets 2014: $705,342Liabilities 2014: $225,064Net Assets 2014: $480,2782014Assets 2015: $690,328Liabilities 2015: $206,625Net Assets 2015: $483,7032015Assets 2016: $677,212Liabilities 2016: $185,740Net Assets 2016: $491,4722016Assets 2017: $664,127Liabilities 2017: $160,776Net Assets 2017: $503,3512017Assets 2018: $672,337Liabilities 2018: $141,262Net Assets 2018: $531,0752018Assets 2019: $675,957Liabilities 2019: $106,621Net Assets 2019: $569,3362019Assets 2020: $684,092Liabilities 2020: $92,431Net Assets 2020: $591,6612020Assets 2021: $695,081Liabilities 2021: $72,362Net Assets 2021: $622,7192021Assets 2022: $719,376Liabilities 2022: $43,466Net Assets 2022: $675,9102022Assets 2023: $836,174Liabilities 2023: $156,880Net Assets 2023: $679,2942023Assets 2024: $1,245,119Liabilities 2024: $441,551Net Assets 2024: $803,5682024Assets 2025: $1,446,726Liabilities 2025: $588,119Net Assets 2025: $858,6072025

Highlighted filing

2017

Assets$664,127
Liabilities$160,776
Net Assets$503,351
Open 2017 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2011: $166,317Expenses 2011: $160,520Net Income 2011: $5,7972011Expenses 2012: $169,3742012Expenses 2013: $181,0302013Revenue 2014: $193,311Expenses 2014: $181,194Net Income 2014: $12,1172014Revenue 2015: $192,021Expenses 2015: $182,844Net Income 2015: $9,1772015Revenue 2016: $200,000Expenses 2016: $192,231Net Income 2016: $7,7692016Revenue 2017: $230,005Expenses 2017: $217,677Net Income 2017: $12,3282017Revenue 2018: $256,834Expenses 2018: $229,110Net Income 2018: $27,7242018Revenue 2019: $264,223Expenses 2019: $225,962Net Income 2019: $38,2612019Revenue 2020: $256,881Expenses 2020: $235,105Net Income 2020: $21,7762020Revenue 2021: $279,862Expenses 2021: $249,404Net Income 2021: $30,4582021Revenue 2022: $304,187Expenses 2022: $249,745Net Income 2022: $54,4422022Revenue 2023: $323,359Expenses 2023: $279,826Net Income 2023: $43,5332023Revenue 2024: $343,623Expenses 2024: $276,641Net Income 2024: $66,9822024Revenue 2025: $431,762Expenses 2025: $376,957Net Income 2025: $54,8052025

Highlighted filing

2017

Revenue$230,005
Expenses$217,677
Net Income$12,328
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Dec 20, 2017
Return Version
2016v3.0
Gross Receipts
$230,005
Mission and Program Overview

Mission

Provide safe drinking water

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$580,941$582,437▲ $1,496
Rtn Earn Endowment Incm Other Fnds$478,369$490,768▲ $12,399
Savings and Temporary Cash Investments$47,645$32,699▼ $14,946
Accounts Receivable$28,074$31,937▲ $3,863
Pd in Cap Srpls Land Bldg Eqp Fund$13,103$12,583▼ $520
Cash and Non-Interest-Bearing Accounts$10,969$7,735▼ $3,234
Inventories for Sale or Use$7,970$7,600▼ $370
Prepaid Expenses and Deferred Charges$1,593$1,699▲ $106
Total Assets$677,212$664,127▼ $13,085
Other Assets Total$20$20→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$164,355$136,868▼ $27,487
Other Liabilities$20,351$22,626▲ $2,275
Accounts Payable and Accrued Expenses$1,034$1,282▲ $248
Total Liabilities$185,740$160,776▼ $24,964
Net Assets / Fund Balance
Total Net Assets Fund Balance$491,472$503,351▲ $11,879
Total Liabilities and Net Assets / Fund Balance$677,212$664,127▼ $13,085

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$582,437$866,684-
Other Assets Org$20--
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Robert WebsterDirector
William WilsonDirector
Stevie McminnPres
Scootie MurphreeSectreas
Chris BeardainVP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$229,975
Investment Income
$30
Other Revenue
$0
Change in Net Assets
$12,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$217,677
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$68,911--$68,911
Depreciation Depletion$29,940--$29,940
Other Expenses$14,400--$14,400
Advertising$11,428--$11,428
Interest$6,074--$6,074
Insurance$5,029--$5,029
Fees for Services Management$4,100--$4,100
Fees for Services Accounting$1,800--$1,800
Total Functional Expenses$217,677$0$0$217,677
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Meter Dep$22,626
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“All members have right to vote an membership meetings”

Member election for additional members Part VI line 7A

“Members elect officers and directors at the annual meeting”

Governing body decisions Part VI line 7B

“Minutes are taken at each meeting of the governing body”

Form 990 governing body review Part VI line 11

“Form 990 was presented to and reviewed by the governing body before filing”

Conflict of interest policy compliance Part VI line 12C

“The conflict of interest policy is reviewed and discussed at each meeting to ensure compliance”

CEO executive director top management comp Part VI line 15A

“Any compensation of any member must be approved by the officers and directors with member approval”

Other officer or key employee compensation Part VI line 15B

“Any officer compensation must be approved by membership”

Governing documents etc available to public Part VI line 19

“Form 990 is available for inspection upon request by any member”

Filing and Contact Details

Filer

Filer Name
Independence Water Association Inc
EIN
64-0468397
Address
1247 BENSON ROAD, COURTLAND, MS 38620

Signing Officer

Name
Stevie Mcminn
Title
President
Phone
6625632138
Signed
2017-12-20
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
RB Financial Services
Address
383 Highway 51 North, BATESVILLE, MS 38606
Preparer
Raymond Belk
Phone
6622924685
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Decrease in membership deposits”

Raw XML Appendix347 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MEMBERS HAVE RIGHT TO VOTE AN MEMBERSHIP MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT OFFICERS AND DIRECTORS AT THE ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MINUTES ARE TAKEN AT EACH MEETING OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 WAS PRESENTED TO AND REVIEWED BY THE GOVERNING BODY BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICT OF INTEREST POLICY IS REVIEWED AND DISCUSSED AT EACH MEETING TO ENSURE COMPLIANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANY COMPENSATION OF ANY MEMBER MUST BE APPROVED BY THE OFFICERS AND DIRECTORS WITH MEMBER APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ANY OFFICER COMPENSATION MUST BE APPROVED BY MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990 IS AVAILABLE FOR INSPECTION UPON REQUEST BY ANY MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DECREASE IN MEMBERSHIP DEPOSITS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Explanation of other changes in net assets or fund balances Part XI line 9
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ReturnHeader/FilingSecurityInformation/IPDt02017-12-21
ReturnHeader/FilingSecurityInformation/IPTm011:11:34
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640759790
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RB Financial Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0383 Highway 51 North
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BATESVILLE
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ReturnHeader/PreparerPersonGrp/PhoneNum06622924685
ReturnHeader/PreparerPersonGrp/PreparationDt02017-12-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Raymond Belk
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ReturnHeader/ReturnTs02017-12-21T11:10:35-05:00
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ReturnHeader/TaxPeriodEndDt02017-09-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$664,127
Liabilities
$160,776
Net assets
$503,351
Revenue
$230,005
Expenses
$217,677
Net income
$12,328
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.45$0.59$0.86$0.43$0.38$0.05
2024Detailed filing. Detailed filing data is available for this year.$1.25$0.44$0.80$0.34$0.28$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.84$0.16$0.68$0.32$0.28$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.72$0.04$0.68$0.30$0.25$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.70$0.07$0.62$0.28$0.25$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.68$0.09$0.59$0.26$0.24$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.68$0.11$0.57$0.26$0.23$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.67$0.14$0.53$0.26$0.23$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.66$0.16$0.50$0.23$0.22$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.19$0.49$0.20$0.19$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.21$0.48$0.19$0.18$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.23$0.48$0.19$0.18$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.25$0.47$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.22$0.45$0.17
2011Summary only. Only limited summary data is available for this year.$0.47$0.04$0.44$0.17$0.16$0.01